[SMM Tin Midday Review: Stockpiling Before Labour Day Holiday Weaker Than Expected, SHFE Tin Price Remains Rangebound] As of the midday close today, the most-traded SHFE tin contract SN2506 closed at 260,870 yuan/mt, down 0.13% from yesterday's settlement price, with an intraday fluctuation range of 260,080-264,700 yuan/mt. Market sentiment was cautious. The most-traded LME tin contract was temporarily quoted at $31,890/mt, down 0.55%, with the import window remaining closed. {{Far-dated supply easing expectations}}: The Myanmar production resumption meeting clarified the process, with incremental supply expected to be released in late June; the full production resumption timeframe for the Bisie mine in the DRC is approaching, with market concerns over increased supply pressure after Q2 weighing on bullish sentiment.

Trump Eases Auto Tariff Policy to Mitigate Impact on Domestic Automakers; Domestic Spot Market Transactions Sluggish [SMM Tin Morning Brief] Futures Market: The most-traded SHFE tin contract (SN2506) was in the doldrums during the night session. It eventually closed at 261,110 yuan/mt, down slightly by 0.04% from the settlement price of the previous trading day. This trend continued the fluctuating characteristics of the daytime session. The day's open interest decreased by 431 lots, with the total open interest reaching 30,300 lots.

[SMM Tin Futures Brief Commentary: Domestic and Overseas Inventories Both Experience Destocking, SHFE Tin Prices Fluctuate Rangebound] As of today's close, the most-traded SHFE tin contract SN2506 closed at 261,560 yuan/mt, up slightly by 0.02% from the settlement price of the previous trading day. The intraday fluctuation range was 259,540-263,350 yuan/mt. Trading volume and open interest contracted MoM, with market sentiment remaining cautious. The most-traded LME tin contract closed at $32,200/mt, up 0.16%. Inventory situation: SHFE tin warrants decreased by 116 mt to 8,606 mt; LME tin inventory decreased by 180 mt to 2,665 mt...

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 29 Apr, 2025

[SMM Tin Midday Review: As Labour Day Holiday Approaches, Downstream Enterprises' Willingness to Restock Intensifies, SHFE Tin Prices Fluctuate Rangebound] As of the midday close today, the most-traded SHFE tin 2505 contract (SN2505) was temporarily quoted at 260,900 yuan/mt, down slightly by 0.5% from yesterday's settlement price. The intraday fluctuation range was 259,340-263,350 yuan/mt. Trading volume and open interest contracted slightly on a MoM basis, with cautious market participation. Policy Easing Expectations: US Treasury Secretary Bessent recently stated that "high tariffs between China and the US are unsustainable," suggesting that both sides may partially ease trade frictions in the coming months. This news has alleviated market concerns about suppressed demand for tin used in PV welding strips (due to the US tariff hike on Southeast Asian solar products), supporting the recovery of tin price sentiment.